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53 relations: Administrative Behavior, Algorithm, Altruism, Analysis paralysis, Ariel Rubinstein, Ars longa, vita brevis, Artificial intelligence, Carnegie School, Cass Sunstein, Cognitive bias, Cognitive miser, Computational intelligence, Concept-driven strategy, Decision-making, Ecological rationality, Economics, Edward Tsang, Euclidean vector, Evan Hurwitz, Framing (social sciences), Gerd Gigerenzer, Herbert A. Simon, Heuristic, Heuristics in judgment and decision-making, Homo economicus, Human, Human behavior, Huw Dixon, Information, MIT Press, Moore's law, Neoclassical economics, Nudge (book), Oliver E. Williamson, Organizing principle, Parametric determinism, Political science, Preference, Prospect theory, Psychohistory, Rational choice theory, Rational ignorance, Rationality, Richard Thaler, Satisficing, Social heuristics, Social science, Springer Science+Business Media, Subjective theory of value, Transaction cost, ..., Tshilidzi Marwala, Utility, Utility maximization problem. Expand index (3 more) »
Administrative Behavior
Administrative Behavior: a Study of Decision-Making Processes in Administrative Organization is a book written by Herbert A. Simon (1916–2001).
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Algorithm
In mathematics and computer science, an algorithm is an unambiguous specification of how to solve a class of problems.
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Altruism
Altruism is the principle and moral practice of concern for happiness of other human beings, resulting in a quality of life both material and spiritual.
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Analysis paralysis
Analysis paralysis or paralysis by analysis is the state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.
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Ariel Rubinstein
Ariel Rubinstein (Hebrew: אריאל רובינשטיין) (born April 13, 1951) is an Israeli economist who works in Economic Theory, Game Theory and Bounded Rationality.
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Ars longa, vita brevis
Ars longa, vita brevis is a Latin translation of an aphorism coming originally from Greek.
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Artificial intelligence
Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals.
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Carnegie School
The Carnegie School was a so-called "Freshwater" economics intellectual movement in the 1950s and 1960s based at Carnegie Mellon University and led by Herbert A. Simon, James March, and Richard Cyert.
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Cass Sunstein
Cass Robert Sunstein FBA (born September 21, 1954) is an American legal scholar, particularly in the fields of constitutional law, administrative law, environmental law, and law and behavioral economics, who was the Administrator of the White House Office of Information and Regulatory Affairs in the Obama administration from 2009 to 2012.
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Cognitive bias
A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment.
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Cognitive miser
In psychology, the human mind is considered to be a cognitive miser due to the tendency of humans to think and solve problems in simpler and less effortful ways rather than in more sophisticated and more effortful ways, regardless of intelligence.
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Computational intelligence
The expression computational intelligence (CI) usually refers to the ability of a computer to learn a specific task from data or experimental observation.
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Concept-driven strategy
A concept-driven strategy is a process for formulating strategy that draws on the explanation of how humans inquire provided by linguistic pragmatic philosophy.
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Decision-making
In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities.
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Ecological rationality
Ecological rationality is a particular account of practical rationality, which specifies the norms of rational action – what one ought to do in order to be rational.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Edward Tsang
Edward Tsang is a Computer Science professor at the University of Essex.
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Euclidean vector
In mathematics, physics, and engineering, a Euclidean vector (sometimes called a geometric or spatial vector, or—as here—simply a vector) is a geometric object that has magnitude (or length) and direction.
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Evan Hurwitz
Evan Hurwitz is a South African Information Engineer.
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Framing (social sciences)
In the social sciences, framing comprises a set of concepts and theoretical perspectives on how individuals, groups, and societies, organize, perceive, and communicate about reality.
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Gerd Gigerenzer
Gerd Gigerenzer (born September 3, 1947, Wallersdorf, Germany) is a German psychologist who has studied the use of bounded rationality and heuristics in decision making.
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Herbert A. Simon
Herbert Alexander Simon (June 15, 1916 – February 9, 2001) was an American economist and political scientist whose primary interest was decision-making within organizations and is best known for the theories of "bounded rationality" and "satisficing".
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Heuristic
A heuristic technique (εὑρίσκω, "find" or "discover"), often called simply a heuristic, is any approach to problem solving, learning, or discovery that employs a practical method, not guaranteed to be optimal, perfect, logical, or rational, but instead sufficient for reaching an immediate goal.
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Heuristics in judgment and decision-making
In psychology, heuristics are simple, efficient rules which people often use to form judgments and make decisions.
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Homo economicus
The term homo economicus, or economic man, is a caricature of economic theory framed as a "mythical species" or word play on homo sapiens, and used in pedagogy.
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Human
Humans (taxonomically Homo sapiens) are the only extant members of the subtribe Hominina.
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Human behavior
Human behavior is the responses of individuals or groups of humans to internal and external stimuli.
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Huw Dixon
Huw David Dixon (/hju: devəd dɪksən/), born 1958, is a British economist. He has been a professor at Cardiff Business School since 2006, having previously been Head of Economics at the University of York (2003–2006) after being a Professor of economics there (1992–2003), and the University of Swansea (1991–1992), a Reader at Essex University (1987–1991) and a lecturer at Birkbeck College (University of London) 1983–1987.
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Information
Information is any entity or form that provides the answer to a question of some kind or resolves uncertainty.
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MIT Press
The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States).
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Moore's law
Moore's law is the observation that the number of transistors in a dense integrated circuit doubles about every two years.
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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Nudge (book)
Nudge: Improving Decisions about Health, Wealth, and Happiness is a book written by University of Chicago economist Richard H. Thaler and Harvard Law School Professor Cass R. Sunstein, first published in 2008.
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Oliver E. Williamson
Oliver Eaton Williamson (born September 27, 1932) is an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom.
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Organizing principle
An organizing principle is a core assumption from which everything else by proximity can derive a classification or a value.
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Parametric determinism
Parametric determinism is a Marxist interpretation of the course of history.
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Political science
Political science is a social science which deals with systems of governance, and the analysis of political activities, political thoughts, and political behavior.
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Preference
A preference is a technical term in psychology, economics and philosophy usually used in relation to choosing between alternatives; someone has a preference for A over B if they would choose A rather than B.
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Prospect theory
Prospect theory is a behavioral economic theory that describes the way people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known (.
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Psychohistory
Psychohistory is the study of the psychological motivations of historical events.
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Rational choice theory
Rational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic behavior.
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Rational ignorance
Rational ignorance is refraining from acquiring knowledge when the cost of educating oneself on an issue exceeds the potential benefit that the knowledge would provide.
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Rationality
Rationality is the quality or state of being rational – that is, being based on or agreeable to reason.
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Richard Thaler
Richard H. Thaler (born September 12, 1945) is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business.
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Satisficing
Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.
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Social heuristics
Social heuristics as a tool of bounded rationality are thought to guide behavior and decisions in the social environment.
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Social science
Social science is a major category of academic disciplines, concerned with society and the relationships among individuals within a society.
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Springer Science+Business Media
Springer Science+Business Media or Springer, part of Springer Nature since 2015, is a global publishing company that publishes books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing.
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Subjective theory of value
The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor necessary to produce the good, but instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends.
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Transaction cost
In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market.
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Tshilidzi Marwala
Tshilidzi Marwala (OMB) born 28 July 1971 in Venda, Transvaal, South Africa is currently the Vice-Chancellor and Principal of the University of Johannesburg.
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Utility
Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.
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Utility maximization problem
In microeconomics, the utility maximization problem is the problem consumers face: "how should I spend my money in order to maximize my utility?" It is a type of optimal decision problem.
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Bounded Rationality, Bounded rationalityt, Hyper-rational, Hyper-rationality, Hyperrational, Hyperrationality, Limited rationality.
References
[1] https://en.wikipedia.org/wiki/Bounded_rationality
